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Marginally Firmer, Manufacturing PMI Rises

NZD

NZD/USD prints at $0.6110/15, ~0.3% firmer in today's trading.

  • Softer US Treasury yields are marginally weighing on the USD this morning, however moves in NZD have been limited.
  • NZD/USD was supported below $0.61, marginally firming to current levels.
  • AUD/NZD is retreating from above the $1.08 handle, last printing at $1.0775/80. The cross is down ~0.2%.
  • Feb Business NZ Mfg PMI printed 52.0 with the prior revised higher to 51.2. Q4 Manufacturing Activity fell -0.4% with the prior read revised lower to 5.0%.
  • Cross asset flows are mixed; US Equity futures are lower e-minis are down ~0.3%. 10 YearUS Treasury Yields are ~3bps lower.
  • The BOJ Monetary Policy decision today is the next macro risk event.

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